The BBJ confirmed the restaurant's demise with the Saugus town manager on Thursday morning.

Butcher Jeffrey Giuffrida opened the spot in 1961, and sold it to businessman John Swansburg in 1988. In 2011, it was purchased by Dennis January, who strongly denied any reports of the restaurant closing despite financial troubles that worsened during the recession.

A Braintree location of the restaurant closed in 2007, while a Weymouth branch remains open. The restaurant boasts having sold more than 50 million meals throughout the years.